Rickshaw driver accepting cryptocurrency as rent in India ignites online debate

Rickshaw driver in India's Bengaluru generates online buzz after video shows him accepting cryptocurrency as fare

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A rickshaw driver from India's Bengaluru city is generating alot of buzz online after a video of him accepting cryptocurrency as fare began curculating on social media.

This move has impressed many citizens on social media, leading them to praise the driver for his initiative.

A post shared on social media stated, "We accept cryptocurrency," which sparked an online debate.

Some users praised the driver's forward-thinking approach, while others pointed out the tax implications of such transactions.

It is worth noting that, under Indian law, income from the transfer of crypto assets is subject to a 30% tax.

Due to this, some have questioned the practicality of the driver's decision.

One user jokingly remarked that the Finance Minister would be eager to collect the taxes.